New Mexico Administrative Code
Title 3 - TAXATION
Chapter 2 - GROSS RECEIPTS TAXES
Part 217 - DEDUCTION - GROSS RECEIPTS TAX - WAREHOUSING, THRESHING, HARVESTING, GROWING, CULTIVATING AND PROCESSING AGRICULTURAL PRODUCTS
Section 3.2.217.9 - STORAGE, GRADING AND PACKING APPLES
Universal Citation: 3 NM Admin Code 3.2.217.9
Current through Register Vol. 35, No. 18, September 24, 2024
The receipts of a marketing association or corporation, whether or not organized for profit, from storing, grading or packing apples for apple growers are receipts from warehousing and processing agricultural products and may be deducted from gross receipts pursuant to Section 7-9-59 NMSA 1978. This deduction applies to the total receipts from the grading and packing contract even though the cost of the cartons used in the packing is included in the charge for service.
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